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Showing 13 of 13 results by Speculator[zzzz]
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Topic
Board Altcoin Discussion
Re: How to calculate profit?
by
Speculator[zzzz]
on 09/07/2017, 23:45:47 UTC
Thank you very much for the advice all. When for example I look at litecoin I see that around this time last year it was roughly $5 and now its at $50, for me that's really exciting but at the same time I ask is there room for another x10 growth in a year from now? Wouldn't a less expensive and newer coin (with potential) be a better bet for higher growth in a year. Or what I guess what I'm trying to say is $50 too much for litecoin?

10x for Litecoin would put it at roughly 25B market cap. That's certainly not impossible, and you'll find some people on this forum that believe it is actually likely in 2-3 years - as you will also see people on this forum say it will probably drop back down to $5 in 2-3 years. I personally wouldn't make that bet for several reasons. But it's not an outlandish bet.

The best choice you can make is do research on the coin. Reading charts by itself doesn't do it here in crypto land. Because charts largely are a byproduct of pure speculation. What you need to do is read charts in connection with your research in the coin. The million dollar question on any coin is whether the charts shows pure hype, or is there some potential with the product? I guess what I'm trying to say is that some people would make the bet on Litecoin while others won't. The difference between the two groups is their research and opinion based on that research (or lack thereof).
Post
Topic
Board Altcoin Discussion
Re: Is there a such thing as actual decentralization?
by
Speculator[zzzz]
on 09/07/2017, 22:18:06 UTC
Depends on what "actual decentralization" means. If it's a governance, there are many models in which it is a commonwealth (Tezos) or mix of PoW/PoS/voting/etc. If you mean it even broader, then you probably right, any model compartmentalized by region/beliefs/ideology/concentration of capital and ability to spend it in this area...

I think I understand your point. But what's the difference between a formal governing body governing the currency, as oppose to a private commonwealth/pow/pos/voting power?
Post
Topic
Board Altcoin Discussion
Re: Is there a such thing as actual decentralization?
by
Speculator[zzzz]
on 09/07/2017, 22:10:03 UTC
Excuse my ignorance. But is there truly any way a currency can be completely decentralized? Sure, maybe not central to a governement, but some central entity will always lay claim to any currency. It's further unrealistic to believe each government won't regulate cryptocurrency at some point. I have the same question about dapps and a dectralized internet. Again, I apologize if I'm missing a fundamental factor when asking this question. However, I'm not too proud to ask and be educated.

Bitcoin is a decentralized currency, that means, no one is controlling them nor making them. It is mined and it can be mined by anyone. Satoshi Nakamoto created bitcoin, even if he did, he still mined the bitcoin in order to acquire them.

But I guess that's my point. There are still developers which will ultimately determine the direction of the currency - owners of the company, for the lack of a better comparison. So am I just misunderstanding what people mean by decentralized? Does decentralized simply mean no one entity is printing the money? And if that's the case, why is that so important?
Post
Topic
Board Altcoin Discussion
Is there a such thing as actual decentralization?
by
Speculator[zzzz]
on 09/07/2017, 21:08:42 UTC
Excuse my ignorance. But is there truly any way a currency can be completely decentralized? Sure, maybe not central to a governement, but some central entity will always lay claim to any currency. It's further unrealistic to believe each government won't regulate cryptocurrency at some point. I have the same question about dapps and a dectralized internet. Again, I apologize if I'm missing a fundamental factor when asking this question. However, I'm not too proud to ask and be educated.
Post
Topic
Board Altcoin Discussion
Re: How to calculate profit?
by
Speculator[zzzz]
on 09/07/2017, 20:54:22 UTC
Hello, I'm very new to the alt crypto currency scene and I'm just beginning my research on basically everything so please excuse me if this sounds simple.

My idea is to invest a small sum of money over 5-10 alt coins (no idea which ones as of yet) for the long term say 2-3 years.

If I invest for example $10 in an altcoin with price currently at $0.10 per coin I would have 100 coins in my wallet. If I were to check the price again in one year to discover that the price has increased to $0.20 would I have made 100% percent profit? Is that basically how it works?

What are the risks involved with an altcoin that is really cheap say $0.01 but with potential to increase a lot in value compared with a more popular and well established coin in the top 10 which is worth for example $50.00 per coin?

Thanks.

If I understand your first question, you are correct in what you said. If a coin doubles in price (i.e. $.10 to $20) then you made 100% profit. If it triples in price, then you made 200% profit (although there is technically no such thing as >100%... investors talk in those terms).

As to your second question, there is incredible risk in investing in ANY coin right now. The market is still VERY volatile. You could quickly lose 50% of your investment any given day. So only invest what you are prepared to lose.

As to the logic to your question, don't focus on price of coin. Focus more on market cap. For example, Ripple is currently worth $.24/coin. However, it has a $10B market cap. Thus (in very general terms), its potential of 10x in value in 2 years is probably less likely than something like WAVES or ANS 10xing, because the latter two have much more room to grow without hitting ridiculous market caps. Obviously just because something has a lower market cap does not mean it is more likely to grow (in fact, there's an argument that the opposite is actually true). I only make the statement because I assumed you correlated price to potential. Price has nothing to do with potential. Market cap has more correlation to potential if you want to make that bet.

As anyone else would say, the biggest indicator of success should be based on your own research. My criteria is investing in a product that I think looks promising and has a relatively low market cap (under $400 Mil), with the exception of BTC and ETH. Some interesting projects I recommend RESEARCHING (always do your own research) are Antshare/NEO and Golem (full disclosure, I have a stake in both). Those both fit my criteria of strong potential. I would also recommend always holding a little BTC - I still think it has potential growing significantly. ETH is risky at this point, but it's still an extremely interesting project.

Good luck! Feel free to reach out to me if you have any questions. I'm willing to give my thoughts on things. I'm obviously not an expert, but I'm always willing to spit ball ideas and help where I can!
Post
Topic
Board Speculation (Altcoins)
Re: What is your opinion to AntShares?
by
Speculator[zzzz]
on 06/07/2017, 03:35:49 UTC
Dude, you're going to get so many different opinions. Just like ETH and BTC, some people love it and some hate it. I have a major stake in it and obviously believe (hope) it will do well. I invested in ETH when it was still under $10 for the same reasons I'm investing in ANS/NEO. For me, the gains are important, but I invest in things I truly believe can succeed as well as those that I want to succeed. So far, ETH and ANS are what I want to succeed. ...I'm also interested in Ripple, but I'm still not quite ready to invest.

As a side note, the ANS/NEO community is awesome. Their desire to see this project succeed is infectious. There are some partnership building up that I think will be fantastic.
Post
Topic
Board Speculation (Altcoins)
Re: ANS/NEO Move?
by
Speculator[zzzz]
on 05/07/2017, 16:55:51 UTC
But then I ran across this...

https://www.reddit.com/r/Antshares/comments/6ldqqr/hpb_highperformance_blockchain_to_build_chinese/

Maybe some legitimizing news? Chart says it's going somewhere. This puts me back at "I'm not sure the hell where..."
Post
Topic
Board Speculation (Altcoins)
Re: ANS/NEO Move?
by
Speculator[zzzz]
on 05/07/2017, 16:37:44 UTC
I am holding ANS at the moment, so I am really hoping for a move up, but, that is not what i think will happen. I don't get a feeling of confidence in the project from the general community, except for the people screaming lambo..

As much as I want to disagree with you, I think I'm leaning towards a drop as well. If we cross the current support, I think we'll see a price of 0.002 BTC by the end of the week. Either way, I'd be relatively happy. I'm in for the long game, and a drop will mean a good buying opportunity. I guess we'll see.
Post
Topic
Board Speculation (Altcoins)
ANS/NEO Move?
by
Speculator[zzzz]
on 05/07/2017, 15:21:27 UTC
I understand the concern people have with ANS/NEO making big moves at this early in its developement. I also understand some people aren't onboard with the project. I'm not a tech expert, and don't hold myself out to be. But what I am good at is reading charts. And the charts say there is going to be a fairly substantial move within the next couple days. However, I honestly can't read whether it will be going up or down. Many factors indicate either direction. What do you all think - up or down?
Post
Topic
Board Speculation (Altcoins)
Re: [NEO] (Antshares) Speculation & Discussion
by
Speculator[zzzz]
on 03/07/2017, 18:19:12 UTC
I invested all of my crypto allocated cash pile into ETH at $7 in December. I saw potential and the risk paid off. I ultimately cashed out at $300. Took my earnings and put it into altcoins. In the past month I have jumped from altcoin to altcoin, trying to ride with the waves. Never put a large amount of my holdings into any one coin because I never found a coin I was willing to commit to. But then my wife (from China - I'm American) told me about ANS. With a name like Antshares, I quickly laughed her off.

With a healthy dose of skepticism,  I decided to do some heavy research. After reading what I could from the English "white paper" (I put in quotes because there are some significant issues with the English version) and having my wife translate the Chinese documents as best she could, I decided to commit to this asset. Ultimately, my decision was driven by three things:

1. Buying ANS gives you ownership in the blockchain itself. The Antcoins are the currency. I like being an investor in the product rather than the currency.

2. ANS (soon to be NEO) is exactly what I was looking for in a blockchain/currency/asset. I am not a firm believer in the libertarian idea that crypto will replace fiat. I am, however, a very strong believer that the long term winners in the crypto game will be those that bridge the divide between the crypto and fiat worlds. This is exactly what ANS seeks to do - branding itself as the "digital asset for everyone." I was almost onboard with Ripple for this reason. But what I like about ANS is it's mix between the greatness of ETH as a platform and Ripple as a currency/settlement mechanism. This asset has massive ambition that I'm excited to join for the ride.

3. China is the best reward/risk environment I can think of. If the government does not get onboard with this project, the project with fail (at least fail in comparison to my ambition for this project). This risk is what is keeping the price down. BUT if the government gives its blessing, or even backs the project, the sky is the limit. China is the perfect place to begin this "bridge between fiat and crypto." The country as a whole is already heavily involved in digital payments/transactions. If crypto is going to take off anywhere, I believe China is the most likely start. It helps that China is also the most populated country in the world.

I think the turning point for this project will be when either (1) businesses begin jumping on board and utilize the platform or (2) when the government stamps the project with its blessing. When either of these two events happen, we'll see this asset jump. The risk/reward is fairly balanced here. This crypto could either collapse or skyrocket, and that makes this ride all the more exciting. I'm in for the long run. I guess we'll see if I get lucky twice.
Post
Topic
Board Speculation (Altcoins)
Topic OP
[LUN] Lunyr Coin Speculation
by
Speculator[zzzz]
on 01/07/2017, 12:33:27 UTC
Thoughts on price? Still no pump. Under 7 Mil market cap. Like the wiki of the blockchain?

https://lunyr.com

https://coinmarketcap.com/assets/lunyr/
Post
Topic
Board Speculation (Altcoins)
Re: High Risk/High Reward Long Term Holds (100x Speculation Picks)
by
Speculator[zzzz]
on 23/06/2017, 18:43:55 UTC
I like the outlook on both Komodo (KMD) and Antshares (ANS) (soon to be NEO). Komodo is new, with a new team, and high aspirations. But looking at just that aspiration: (1) a new decentralized exchange, (2) utilization of POW and ZCoin, (3) and it's backed by SuperNET. I'm excited to see where this one goes.

Antshares is in the process of rebranding. But if they can successfully do so, we're talking full integration in China - a country already heavily involved in digital payments. I am also excited to see where this one goes.

Both white papers look good, with good ideas and good tech.
Komodo is not new, nor does it have new devs. Jl has been around for a while  now

...the Komodo coin is new. I understand the company is not.
Post
Topic
Board Speculation (Altcoins)
Re: High Risk/High Reward Long Term Holds (100x Speculation Picks)
by
Speculator[zzzz]
on 23/06/2017, 16:24:26 UTC
I like the outlook on both Komodo (KMD) and Antshares (ANS) (soon to be NEO). Komodo is new, with a new team, and high aspirations. But looking at just that aspiration: (1) a new decentralized exchange, (2) utilization of POW and ZCoin, (3) and it's backed by SuperNET. I'm excited to see where this one goes.

Antshares is in the process of rebranding. But if they can successfully do so, we're talking full integration in China - a country already heavily involved in digital payments. I am also excited to see where this one goes.

Both white papers look good, with good ideas and good tech.